Kroger owns 38 food manufacturing plants, including 19 dairies, that produce the grocer's formidable portfolio of house brands. The namesake Kroger, Private Selection, Simple Truth, Psst... and other brands generate more than $20 billion in sales for the company.

Kroger's robust offerings from house brands also fit prominently in its strategy of offering customers lower prices as supermarket competition intensifies with Amazon jumping into the industry last year with its Whole Foods takeover.

Kroger recently jumped into the shaving business, launching its own line of razors and related products.

"Turkey Hill's successful and recognizable ice cream and beverage products have the potential for greater growth outside of our company," said Erin Sharp, group vice president for Kroger Manufacturing.

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